Word: steels
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...mosque in Finsbury Park epitomizes the British attitude. It is the sort of place where you can buy stomach-turning videos (lots of throat slitting) made by Islamic extremist groups. The sermons of Abu Hamza al-Masri, the mosque's one-eyed, steel-clawed imam, continually stress the importance of jihad. Baker says the mosque is dominated by adherents of Takfir wal Hijra, the neo-fascist Islamic ideology influential among European operatives of al-Qaeda. However extreme its message, Finsbury Park is undeniably popular. At midday prayers on a recent Friday, Abu Hamza preached to a congregation of about...
...PETN (pentaerythritol tetranitrate), a powerful explosive produced by the ton for military and construction use. Some was mixed with a plasticizer to produce a substance that resembled putty. More was in short lengths of detonation cord, which looks like a clothes line and is used to cut heavy steel objects like girders. Packed around the PETN was a whitish powder that turned out to be homemade TATP, or triacetone triperoxide. If Reid had succeeded in lighting the fuses sticking out of his soles, the TATP would have blown instantly, setting off the less combustible but more destructive PETN main charge...
...would reduce costs from $14 per unit to $9. Recouping his investment, he knew, could take as long as 10 years. But with plenty of orders in the pipeline, Sopko figured he had made a shrewd move. What he didn't calculate was getting caught in a global steel...
Late last year the U.S. International Trade Commission ruled that American steelmakers had suffered "serious injury" as a result of a surge in imports and, as a remedy, proposed trade restraints, including tariffs as high as 40% on foreign steel products. Big domestic steelmakers say they won't survive without protection from what they call a deluge of foreign steel. President Bush faces a deadline of March 6 to rule on the itc's proposed sanctions, which he is expected to approve. His decision will ripple through the global economy--affecting prices of everything from cars to office buildings...
...disputes that most of America's old, integrated mills--the ones that make steel from iron ore in huge blast furnaces--are ailing badly. In 1998, amid a financial crisis that dampened Asia's demand for steel, exports from that region flooded the U.S. and drove prices to 20-year lows. Thirty U.S. steelmakers have filed for bankruptcy protection in the past five years, including icons such as LTV and Bethlehem Steel. With a strong dollar still favoring imports and a global recession crimping demand, the U.S. firms staying afloat say their position is precarious. The most efficient and profitable...